anguilla

Demonstrating exactly why facilities like the Caribbean Catastrophe Risk Insurance Facility (CCRIF) are good for developing countries, the CCRIF has made good on its obligation to pay Anguilla speedily for the damage caused to it by hurricane Earl.

Hurricane Earl passed close enough to the Caribbean island state of Anguilla yesterday to trigger a payment under the Caribbean Catastrophe Risk Insurance Facility (CCRIF). Early reports suggest that Earl, a major Category 4 hurricane, blew roofs off buildings in Anguilla, downed power lines and caused beach erosion and flooding from the storm surge and […]